Corn bulls found some late day momentum to push 1 to 3 cents higher at the close. The CmdtyView national average Cash Corn price was up 2 1/2 cents to $4.00 1/2. The spring base Crop Insurance price will be set by the close on Friday, as the average December corn close has been $4.61, down 9 cents from last year.
USDA reported a private export sale of 178,000 MT of corn to Japan this morning with 154,000 MT for 2026/27 and 24,000 MT for 2027/28.
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Export Sales data for the week of 2/19 was released this morning, with a total of 682,804 MT sold in that week. That was down 29% from the week prior, it was still 1.1% above the same week last year. Mexico was the top buyer of 373,600 MT, with 171,700 MT sold to Japan. New crop was 11,685 MT.
A South Korean importer purchased a total of 135,000 MT of corn in a tender. Another South Korean importer issued a tender for 210,000 MT of corn this morning. Turkey also purchased 350,000 MT of wheat in ta tender overnight.
Mar 26 Corn closed at $4.33 1/4, up 2 3/4 cents,
Nearby Cash was $4.00 1/2, up 2 1/2 cents,
May 26 Corn closed at $4.43 1/2, up 1 1/2 cents,
Jul 26 Corn closed at $4.51 1/4, up 1 cent,
On the date of publication,
Austin Schroeder
did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes.
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